The Birth of Shanghai's First Conglomerate

Changfu's little one is two months old now.

Yang Qian took a break for about half a year and is now ready to go back to work.

Chen Pingsheng still appointed her as the president of Deer Antler Coffee.

Deer Antlers Coffee will officially list on Nasdaq in August, and he still holds 20% of the shares, which he will not be able to cash out again until 17.

He plans to invest all of this money in the research and development of intelligent driving and batteries for Tengfei New Energy.

This is all the future.

As his business grew, he increasingly felt that his main goals were three.

Find money, find people, find direction.

"Old Chen, I'm not trying to be mean, but you've invested way too much in new energy vehicles. If this fails, I'm curious to see how you'll handle it!"

Chang Fu couldn't help but remind him.

Chen Pingsheng laughed and said, "You don't think I'll be in a bad situation if the new energy vehicle industry fails, do you? Even if it fails, I'll only lose a few hundred billion yuan. That doesn't seem to affect my quality of life, does it?"

"If that's what you're saying, what can I, brother, say?"

The owner's tea room in this French-style villa in Shanghai is not only very elegant, but can also comfortably seat a dozen or so people to chat and drink tea.

“Not only you advised me, but Gao Hu also said it to me many times.”

After drinking a cup of Wuyishan Da Hong Pao, Chen Pingsheng said:
“There are some things that you just can’t intuitively feel. For example, after I invested tens of billions in new energy vehicles, I not only met with the top official in Shanghai, but people in that position would also come to ask me from time to time about the company’s progress and whether its development was going smoothly. Do you know what that means?”

What kind of place is Shanghai? It's one of the world's top ten mega-first-tier cities.

It is still a directly administered area.

You should know that there are only four municipalities directly under the central government in China: Beijing, Shanghai, Tianjin, and Chongqing.

The difference is obvious just from this.

Chang Fu asked in surprise, "You can even have tea with that person?"

"It definitely couldn't have been before, but it can be now."

Chen Pingsheng said, "Now you know why I have to work on new energy. It's a key industrial project supported by the country, and it's even a transformation project to replace real estate."

"If you paid more attention to the domestic economy, you would understand the significance of this. If I didn't throw in tens of billions of dollars, do you think I would be qualified to sit at that person's tea table?"

"To put it bluntly, the businesses I own, whether it's Tencent Entertainment or your Xinteng Live, are just a means for the big boss to generate more tax revenue. The revenue from selling a piece of land anywhere in the local area is much higher than our tax revenue."

"If you look at it from this perspective, you can understand the significance of my insistence on working in the new energy field."

Chang Fu sighed, "I was wondering why someone as steady as you would suddenly spend over 20 billion yuan on new energy vehicles, something you're not really good at. It turns out you're trying to gain some political leverage through new energy."

"It's not exactly a bargaining chip for justice."

After a pause, Chen Pingsheng continued, "It's true that Tengfei New Energy can guarantee your worry-free development. If you say I'm not good at making cars, that's not wrong either. After all, all the entrepreneurs who have entered the new energy field are rich and talented. I'm just an ordinary one among them."

"It's the same as before. I may not be good at it myself, but I can hire someone who is. If others can do this well with 10 billion, I can certainly do it with 30 billion, right?"

"I'm not afraid to tell you, in the next three years, in addition to the more than 20 billion that has already been invested, I will put in at least another 30 billion."

This time, not only Chang Fu was dumbfounded, but Yang Qian and his wife Song Yanxi were also stunned.

Is it really a gamble to pour another 30 billion into this?

Tencent has been investing heavily in various fields over the years.

However, they are mostly concentrated in traditional industries, even in Teng Hui Department Store, which has the largest investment.

They also concentrated their money on the most stable area: commercial real estate.

To put it bluntly, the group's development goal over the years has always been to seek stability.

Never take big risks in areas you're not good at. Is this a change of direction, a chance to start taking risks?

"Honey, I won't allow you to do that!"

Song Yanxi snorted twice in protest.

She owns half the family's money, and it's her responsibility as a wife to stop her husband from taking risky adventures.

In her view, Tengfei's investment of over 20 billion yuan was the limit.

Even if more money is needed for investment in the future, it should be raised through the capital market.

Tong Zhelan has made billions with their family, so it's time for them to share the burden.

Actually, she's not wrong to think that way, since everyone does it this way.

We can share the risks by using money from the capital market.

Chen Pingsheng laughed at her, "You really are getting more timid the richer you are. I won't touch a single penny of the group's real estate. Haven't you realized that when you're rich enough, it's not about who has a few tens or hundreds of billions more, but about who has the background and political resources?"

"If you go out and attend a gathering of wealthy women now, who would dare to give you the slightest attitude?"

That's true.

Song Yanxi tilted her head and thought about it. She did feel that things were a little different from before.

Everyone knew her family was wealthy, but there wasn't much respect or awe towards them.

Now that her husband has invested tens of billions in new energy, his status has indeed changed.

"I just wanted you to take other people's money and share the risks, didn't I?"

"I don't want to listen to the capital market telling me how to build cars within three years. I'll just do it my own way. If that works, why don't you say that Tengfei can be valued at least several hundred billion?"

The returns and risks are always directly proportional.

Chen Pingsheng wanted to take this gamble and see if he could really run a new energy technology company well.

"Dad, you have to work hard and strive for success. I will support you without hesitation."

Chen An'an, who was sitting to the side wearing sunglasses, was as energetic as if she had been injected with chicken blood.

My dad is changing the world.

She cheered her on from behind, but it seemed like she couldn't do anything else besides that.

However, she still understands the simple truth that the more powerful her father is, the more glamorous she becomes.

Chen Pingsheng was simply telling them about his important future development direction.

The group will focus its resources on new energy going forward.

He even plans to invest all of the group's profits from the past three years into new energy vehicle manufacturing.

Even if he doesn't succeed, he'll still be a billionaire, so what's there to be afraid of?

If he succeeds, then he will have the golden body.

He not only became one of the wealthiest people in the country, but also became a small figure in promoting the transformation of domestic industry.

This is something he should give his all for.

It can only be said that his plan was executed flawlessly.

The investment of 10 billion yuan in Gan Tenghui Department Store is for the family's longevity, while the investment of 50 billion yuan in Gan Tengfei New Energy is for the family's continuous rise in status.

Different purposes mean different things.

It's just a matter of different choices after you become rich. (End of Chapter)